Question

Why does demand curve slope downwards?

Answer 1

$\mathbb{\red{\huge{Heya\:mate}}}$

$\boxed{Here\:is\:your\:@nswer}$

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$\mathfrak{\blue{Q.}}$Why does demand curve slope downwards?

$\mathfrak{\blue{Ans.}}$ The law of demand or the downward sloping demand curve indicates more demand as price Falls and less demand as price rises.

The reasons are as followed..

$\mathfrak{i.)\:Law\:of\:diminishing\:MU}$

$\mathfrak{ii.)\:income\: effect}$

$\mathfrak{iii.)\: Substitution\: effect}$

$\mathfrak{iv.)\:New\: consumer}$

$\mathfrak{v.)\: Different\:uses\:of\: commodity}$

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$\mathbb{\huge{\green{Hope\:it\:helps!!}}}$

Answer 2

HEY MATE HERE IS YOUR ANSWER

1. Income effect
2. Substitution effect
3. New consumer
4. Law of diminishing
5. Different uses of commodity

HOPE IT WILL HELP YOU